Barclays Capital (NYSE: BCS) lifted their price target on shares of Advanced Energy Industries (NASDAQ: AEIS) from $10.00 to $13.00 in a research note issued on Wednesday. The firm currently has an “equal weight” rating on the stock.
A number of other firms have also recently commented on AEIS. Analysts at Avian upgraded shares of Advanced Energy Industries from a “negative” rating to a “neutral” rating in a research note to investors on Wednesday. Separately, analysts at ThinkEquity upgraded shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note to investors on Wednesday. Finally, analysts at Susquehanna upgraded shares of Advanced Energy Industries from a “neutral” rating to a “positive” rating in a research note to investors on Tuesday.
Advanced Energy Industries traded down 0.52% on Wednesday, hitting $13.43. Advanced Energy Industries has a 1-year low of $7.56 and a 1-year high of $15.50. The company has a market cap of $541.5 million and a price-to-earnings ratio of 16.30.
The company last announced its quarterly results on Monday, April 30th. It reported $0.06 earnings per share (EPS) for the previous quarter. The company’s quarterly revenue was down 23.2% on a year-over-year basis. Analysts expect that Advanced Energy Industries will post $0.23 EPS next quarter.
Advanced Energy Industries, Inc. (Advanced Energy) designs, manufactures and sells industrial power conversion products, which transforms power into various usable forms.